Back
NATIONAL COMPANY LAW TRIBUNAL
Brajendra Mani Tripathi, Judicial Member, Man Mohan Gupta, Technical Member
CISTRO TELELINK LIMITED VS
| Table of Content |
|---|
| 1. company profile and capital structure pre-reduction. (Para 1 , 2 , 3 , 4) |
| 2. no creditors objections; auditors confirm compliance. (Para 5 , 6 , 7 , 8) |
| 3. reasons: offset losses for balance sheet cleanup. (Para 9 , 10 , 11 , 12) |
| 4. shareholder approval by special resolution. (Para 13 , 14 , 15) |
| 5. procedural compliances and notices satisfied. (Para 16 , 17 , 18 , 19 , 20 , 21) |
| 6. application complies with section 66 procedure. (Para 22 , 23 , 24 , 25) |
| 7. precedents affirm capital reduction for losses. (Para 26 , 27 , 28 , 29) |
| 8. no objections from authorities; full compliance. (Para 30 , 31 , 32 , 33 , 34) |
| 9. reduction equitable, approved, and fair. (Para 35 , 36) |
| 10. order sanctioned with compliance directions. (Para 37 , 38 , 39) |
O R D E R
1. The instant Application has been filed by the M/S Cistro Telelink Limited under the provisions of Section 66 and other applicable provisions of the Companies Act, 2013, seeking reliefs as follows:
a) That the Reduction of share capital of the Applicant Company, as approved by the members by way of Special Resolution passed on 25.07.2024, be confirmed by this Hon’ble Tribunal.
b) That to this end all Directions as may be necessary and p
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
